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TMCNet:  GEO Semiconductor acquires digital video processing business of Maxim Integrated Products

[January 04, 2013]

GEO Semiconductor acquires digital video processing business of Maxim Integrated Products

Jan 04, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- GEO Semiconductor, Inc. (GSI) has acquired the digital video processing business from Maxim Integrated Products, Inc. (MIP). Both the companies are based in the US.

GSI is a semiconductor company focused on providing video and geometry processing integrated circuit (IC) solutions. MIP is a designer, developer and manufacturer of analog, mixed-signal and high-frequency digital circuits.

Announcement (December 6, 2012): GSI has entered into an agreement to acquire the digital video processing business from MIP.

The transaction is expected to close on or about December 31, 2012.

Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2013-01-03 Deal Participants Target (Company) Maxim Integrated Products, Inc. - Digital Video Processing Business Acquirer (Company) GEO Semiconductor, Inc.

Vendor (Company) Maxim Integrated Products, Inc.

Deal Rationale The acquisition will allow GSI to expand its portfolio to approximately 100 patents, including H.264 video compression and audio processing portfolio.

It will also provide GSI with access to markets such as IP camera, Smart TV, surveillance, tele-presence video communications, and smartphone peripherals. These markets complement GSI's increasing focus on automotive camera and HUD opportunities. By combining GSI's's proprietary technology with the IP acquired from MIP will enable single-chip solutions for all of these markets, increasing market share and lowering costs to customers.

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